{"id":190039,"date":"2022-09-12T07:30:15","date_gmt":"2022-09-12T11:30:15","guid":{"rendered":"https:\/\/today.uconn.edu\/?p=190039"},"modified":"2023-04-21T09:49:33","modified_gmt":"2023-04-21T13:49:33","slug":"studies-show-a-uconn-education-is-more-accessible-more-financially-rewarding-than-those-of-its-competitors","status":"publish","type":"post","link":"https:\/\/today.uconn.edu\/2022\/09\/studies-show-a-uconn-education-is-more-accessible-more-financially-rewarding-than-those-of-its-competitors\/","title":{"rendered":"Studies Show a UConn Education is More Accessible, More Financially Rewarding than Those of its Competitors"},"content":{"rendered":"

A UConn education provides its students a return on investment that\u2019s as strong or better than many other top U.S. public universities, eclipsing most institutions against which it competes head-to-head to recruit top students, according to new data.<\/p>\n

UConn also surpasses most of those direct competitors in measures of students\u2019 economic mobility<\/a>, which assess whether an institution is accessible to low- and moderate-income students and serves them well enough that they can climb the economic ladder.<\/p>\n

Combined, the data from two recent independent studies present UConn as a better long-term financial choice for its students than many other institutions they might have considered, and as a place that makes those opportunities accessible to families across the economic spectrum.<\/p>\n

A UConn education is also delivered at a good value to Connecticut taxpayers: UConn provides its high-quality education at a lower per-student cost than many other top institutions, and has kept its administrative ranks lean for more than two decades.<\/p>\n

\n

A UConn education provides more than $1.52 million in return on investment over a 40-year career. — Source: Georgetown University's Center on Education and the Workforce<\/cite><\/p>\n<\/blockquote>\n

\u201cUConn is delivering on its promise to promote student success, economic inclusivity, and life-transformative education. These imperatives go hand in hand,\u201d UConn Interim President Radenka Maric says.<\/p>\n

She also noted that UConn is number one in the country when it comes to the time in which students earn their degrees<\/a>: an average of 4.1 years, a place shared with four other public research universities in the country, according to the UConn Retention & Graduation Task Force\u2019s most recent analysis<\/a>.<\/p>\n

\u201cThat means that the cost associated with attending UConn is much lower than at other institutions,\u201d Maric says. \u201cWhile it\u2019s gratifying to see that the data confirm a strong return on investment for a UConn education, UConn\u2019s economic mobility ranking also shows we are succeeding in the important work of ensuring students at all income levels can share in those benefits.\u201d<\/p>\n

The ROI figures come from a recent study<\/a> by Georgetown University\u2019s Center on Education and the Workforce, whose analysis of more than 4,500 institutions found that a UConn education provides more than $1.52 million in return on investment over a 40-year working career.<\/p>\n

That\u2019s comfortably in the range of ROI of several other high-ranking public universities nationwide, including some with significantly more resources.<\/p>\n

Notably, UConn\u2019s ROI is also higher than 10 of the 13 other public and private institutions against which UConn most directly competes for enrollment, which UConn determines based on surveys in which applicants share where else they applied or enrolled.<\/p>\n

\"infographic<\/p>\n

Another recent study<\/a>, this one by the Third Way research organization, puts UConn in the top tier of schools offering strong economic mobility for students with fiscal constraints.<\/p>\n

That tier encompasses the top 20% of institutions that enroll large percentages of low- and moderate-income students, as measured by qualifying for federal Pell grant aid; and whether they provide an education that prepares those students to move up the economic ladder.<\/p>\n

\u201cStudents appear to be gravitating toward more certain and positive outcomes during the challenging and uncertain times we live in today,\u201d says Nathan Fuerst, UConn\u2019s vice president for enrollment planning and management. \u201cUConn\u2019s affordability and value, paired with a vibrant, challenging and exciting academic and social experience, rises to the top of many students\u2019 lists as a result.\u201d<\/p>\n

The data from the two studies and university analyses also show:<\/p>\n

\u2022 Of the three direct competitors that produce higher ROIs, none serve low-to-moderate income students as well as UConn, despite two of the three spending more on academics per student. All three are private institutions and are in the third or fourth tiers for economic inclusivity, compared to UConn, which is in the first tier.<\/p>\n

\u2022 While two other institutions join UConn in the highest tier for economic mobility, their students receive significantly lower ROI over a 40-year career than they would with a UConn education.<\/p>\n

\u2022 UConn\u2019s strong ROI and economic inclusivity have been achieved even as it has increased enrollment and kept administrative levels relatively constant. The University\u2019s student body has grown by 10,000 since 1998, but administrators still account for only 2.2% of the workforce, as they did then.<\/p>\n

\u201cOur graduates are doing very, very well relative to the graduates of other top institutions in the nation,\u201d Lloyd Blanchard, UConn\u2019s interim vice president for administration and chief financial officer, told trustees at a recent meeting.<\/p>\n

UConn\u2019s strong showing in economic mobility reflects its commitment to student inclusion and success: About 27% of UConn\u2019s students qualify for federal Pell grants, and about two-thirds of undergraduates receive financial aid in the form of grants and scholarships they don\u2019t have to repay.<\/p>\n

The strength in ROI and economic inclusivity are important factors in UConn\u2019s commitment to providing life-transformative education<\/a>.<\/p>\n

At the same time, the University has established itself on the national and global stage as a research powerhouse<\/a> with high-achieving faculty receiving record grant funding<\/a>; home to a talented and diverse<\/a> student body whose members graduate faster<\/a> than the national average and launch strong careers<\/a>; and an economic driver<\/a> for the state of Connecticut.<\/p>\n

UConn also continues to build a reputation for excellence, as its application numbers have hit record highs despite competing for a shrinking number of undergraduate and graduate students nationwide.<\/p>\n

In the U.S., enrollment in undergraduate and graduate programs dipped by 4.1%<\/a> \u2013 or about 685,000 students — between spring 2021 and spring 2022, following a 3.5% drop<\/a> the year before.<\/p>\n

However, UConn is bucking those trends: A record number<\/a> of 4,075 first-year students started the academic year at Storrs last month, and another 1,750 enrolled in the regional campuses, all having competed in a record pool of more than 43,000 applicants.<\/p>\n

\u201cThis demonstrates strong interest and trust in the quality of education that UConn offers,\u201d Maric says.<\/p>\n","protected":false},"excerpt":{"rendered":"

‘UConn is delivering on its promise to promote student success, economic inclusivity, and life-transformative education’<\/p>\n","protected":false},"author":65,"featured_media":160614,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_crdt_document":"","wds_primary_category":0,"wds_primary_series":0,"wds_primary_attribution":0,"footnotes":""},"categories":[2275,2224,2235,173,92,174,2225,90,2227,2233],"tags":[],"magazine-issues":[],"coauthors":[1932],"class_list":["post-190039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-academic-affairs","category-cahnr","category-today-homepage","category-uconn-avery-point","category-uconn-hartford","category-uconn-stamford","category-uconn-storrs","category-uconn-waterbury","category-uconn-edu-homepage","category-university-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"publishpress_future_action":{"enabled":false,"date":"2026-05-09 06:28:16","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/190039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/users\/65"}],"replies":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/comments?post=190039"}],"version-history":[{"count":5,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/190039\/revisions"}],"predecessor-version":[{"id":190131,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/posts\/190039\/revisions\/190131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/media\/160614"}],"wp:attachment":[{"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/media?parent=190039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/categories?post=190039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/tags?post=190039"},{"taxonomy":"magazine-issue","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/magazine-issues?post=190039"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/today.uconn.edu\/wp-rest\/wp\/v2\/coauthors?post=190039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}